Kornitzer Capital Management Inc. KS Has $10.65 Million Holdings in Xylem Inc. (NYSE:XYL)

Kornitzer Capital Management Inc. KS grew its holdings in Xylem Inc. (NYSE:XYL) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 91,798 shares of the industrial products company’s stock after purchasing an additional 130 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Xylem were worth $10,650,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of XYL. Heck Capital Advisors LLC bought a new position in shares of Xylem in the 4th quarter valued at about $36,000. Pathway Financial Advisers LLC boosted its stake in shares of Xylem by 122.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 318 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Xylem by 3,887.5% in the 3rd quarter. Assetmark Inc. now owns 319 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 311 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Xylem by 318.2% in the 4th quarter. Versant Capital Management Inc now owns 368 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 280 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of Xylem by 226.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 339 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 235 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Xylem Stock Up 0.8 %

Xylem stock opened at $130.43 on Wednesday. The stock has a market capitalization of $31.69 billion, a PE ratio of 35.64, a price-to-earnings-growth ratio of 2.32 and a beta of 1.07. Xylem Inc. has a twelve month low of $113.26 and a twelve month high of $146.08. The company has a quick ratio of 1.33, a current ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a 50 day moving average of $121.36 and a 200-day moving average of $127.14.

Xylem (NYSE:XYL) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.06. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.18 billion. Xylem had a net margin of 10.40% and a return on equity of 9.96%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, equities research analysts anticipate that Xylem Inc. will post 4.65 EPS for the current fiscal year.

Xylem Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, February 18th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Xylem’s previous quarterly dividend of $0.36. Xylem’s payout ratio is currently 39.34%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of Xylem from $138.00 to $125.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Citigroup cut shares of Xylem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Wolfe Research restated a “peer perform” rating on shares of Xylem in a report on Thursday, December 12th. Robert W. Baird boosted their price objective on shares of Xylem from $139.00 to $148.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada decreased their price objective on shares of Xylem from $163.00 to $162.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Xylem currently has a consensus rating of “Moderate Buy” and an average target price of $149.90.

About Xylem

Xylem Inc, together with its subsidiaries, engages in the design, manufacture, and servicing of engineered products and solutions worldwide. It operates through four segments: Water Infrastructure, Applied Water, Measurement & Control Solutions, and Integrated Solutions and Services. The Water Infrastructure segment offers products, including water, storm water, and wastewater pumps; controls and systems; filtration, disinfection, and biological treatment equipment; and mobile dewatering equipment and rental services under the ADI, Flygt, Godwin, Sanitaire, Magneto, Neptune Benson, Ionpure, Leopold, Wedeco, and Xylem Vue brands.